International Climate Financing
Climate change is one of the greatest challenges facing humanity with implications on health, agriculture, economy, trade, and transportation and energy infrastructure that is being felt by all countries. Developing countries, particularly the poorest and most vulnerable, are the hardest hit by climate change and many have limited capacity to prevent and cope with its consequences.
Canada’s international climate finance supports a wide range of programs and initiatives that help developing countries manage risks and build resilience to the impacts of climate change, deploy clean energy technology, and manage natural resources sustainably.
Canada is delivering $2.65 billion in climate finance to developing countries by 2020-21.
This contribution represents Canada’s largest climate finance contribution ever and will help developing countries, particularly the poorest and most vulnerable, transition to low-carbon economies and build climate resilience. This website provides information on how Canada will be supporting ambitious climate action in developing countries through this $2.65 billion pledge. Recent announcements made by Canada as part of this pledge can be found here.
This website also provides information on initiatives that have been undertaken from previous climate-specific support. Information on concrete results in developing countries can be found here. Detailed information on climate change projects and initiatives supported by Canada can be browsed by geographic distribution using the interactive map below or by clicking directly on region or country names. Projects can also be browsed by keywords and sectors using the search tool
- Canada’s contribution of $2.65 billion is a substantial increase from historical levels of climate funding, scaling up to $800 million during the fifth year (2020–2021), and representing a doubling of Canada’s previously largest climate investment ever.
- This climate finance contribution supports the commitment that Canada made under the 2009 Copenhagen Accord to work with partners to jointly mobilize climate finance from a wide variety of sources, to reach US $100 billion annually by 2020.
- Over recent years, donor countries have successfully scaled-up efforts to mobilize global climate finance. A recent report by the Organisation for Economic Co-operation and Development (OECD) estimated that donor countries mobilized USD $62 billion in climate finance in 2014, up from USD $52 billion in 2013.
- Donor countries delivered a roadmap that illustrates our collective goal of mobilising US $100 billion per year by 2020 is well within reach. The roadmap provides clarity on the range of actions donors are taking to get there, including leveraging private sector finance, significantly scaling up finance for adaptation, and enhancing access to finance.
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